On this post you’ll find the answer to Degiro Vs Etoro Vs Revolut….Questions that i speak with new investors what if you’re brand new to investing you simply don’t want to decide what you actually want to invest and you desire somebody to do it for you there’s just a couple of ways that that can occur the first off you can hire an investment portfolio supervisor they’ll usually charge a rather a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is naturally you can purchase mutual funds specific funds are developed again with an account manager in the background as i’m going to cover in this video they have a service though that’s called copy trading copy portfolios as well now if you’re brand new to an overall please remember this platform is rather advanced you can do cfds which obviously cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform do not just assume due to the fact that i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual money they consider that alternative as well so you really get used to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re buying genuine companies if you select to in this particular video we’re discussing how to copy other individuals’s financial investments with your cash so certainly your capital is at risk and we need to bear that in mind do not simply do something because that individual has actually stated they have actually made earnings 14 months in a row invest in these choices since you think is the right ones for you which being said let’s dive straight in [Music] The things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of social trading which is one aspect that is probably.
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famous for it’s the option to see what other traders are doing amazing we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our money we can actually state i wish to do precisely what that trader is doing or match that precise portfolio of choices and generally every time they make a trade they purchase they offer whatever they do your money will be simulated with it so that indicates if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the charges involved actually crucial you comprehend what are the expenses of this now with any platform there will be some cost to clearly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the absolutely no fee sites then may not charge you for in fact buying and selling etfs or funds specific products individual stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand before you really begin buying copy trading or copy portfolios and lastly some finest guidance finest practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s start with charges really crucial to understand these now on there’s a number of costs there isn’t fees to do with really buying and selling alright so commission costs are totally free however there are a number of other charges the first one is withdrawal charges so you can certainly put cash in now if you’re in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your money so you offer your shares you offer your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to make sure that i’m just withdrawing when i absolutely require to now you might say alright that’s rather pricey and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are just among those choices that they have a great deal of platforms undoubtedly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every six months you know depends entirely how you’re investing but that is a cost to bear in mind the second fee that i’ve discussed is that conversion fee now with you’re handling us dollars only there’s not an option to buy in euros or uk and that’s fine that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading two and 2 open market anyone at all this is basic they have i expect stuck to whatever charge they charge for that conversion rate you kind of need to accept you understand if you wish to use their platform go from uk to us then that conversion charge exists what are they in fact giving you in regards to your uk pounds to us dollars and all platforms are the same you can’t bargain with them you can’t go to the bank and say give me us dollars rather you have to pay their charges now the great feature of however when you have actually converted your cash you do not have to invest it immediately that dollar value can sit in your portfolio as cash dollars for as long as you like so that suggests the initial day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s really great using that part of their site will not certainly restrict you in any way nevertheless we have to be aware of 2 other charges the very first being what’s called spread fees fine and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you
on is essentially the difference that is part of the financial investment platform between the buy cost and the list price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that really indicates that when you wish to sell or buy as you can see it’s not the price you’re seeing up here let me reveal you that once again so the present rate of tesla is the value of a share what’s called spread fees is the difference then really to purchase that share on the platform and you’ll find this all over this is another manner in which they make a percentage of benefit from you each time you do a purchaser’s share so keep that in mind clearly it’s more pricey to buy than it is to offer so they’re going to give you less back with your sale and you state all right well why does that occur it just does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it which is how they make a bit of cash on those spread charges it’s generally incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a bit cash now the last feat is called an
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overnight charge now this is really important if you’re really utilizing cfds yourself too an overnight cost is when you’re refraining from doing that buy sell transaction in the same day all right there’s then an overnight cost charged or even if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one take advantage of which implies you’re actually buying the precise possession instead of using take advantage of anyway you won’t get hit with these charges however these fees are if you’re utilizing leverage and cfds and after that you’re going to have these fees if you’re not buy offering in the very same day so let’s say if you enter into the help section this isn’t the overnight fees information you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that only uses as i stated to cfds there are some added fees obviously depending on what you are investing in also this is on your own so keep that in mind but full charges are totally within their aid info all right and we talked about as well as totally free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of really utilizing these copy functions they don’t have any extra fees on top of the regular costs that
exist now what you require to remember though is these potentially handled by other individuals entirely or often have actually developed portfolios you have actually got a real person doing the management you have to make sure you choose the individual that’s right for you similar to any line of work this is your financial properties so we definitely require to ensure it’s the best individual for us before we copy them so the first things i would call it if you do wish to use this function we’ve got a number of different choices for us first off if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your credit card information or anything you can generally have this virtual portfolio simulate as if you are using your own money but in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real cash maybe this is a fantastic option for you once again to evaluate the theories alright you might want to buy tesla or apple or this etf why not use the virtual alternative as a way to kind of safe have fun with it certainly you might have lost out on gains and losses throughout that time obviously if you had actually invested your genuine cash it permits you to develop confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to remember before you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i indicate by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be risk simply means am i fine with possibly losing an excellent quantity of this investment or getting as
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well now remember everything is downs and ups you will generate income you’ll lose money that’s why they make the statistic 75 people will lose cash however that similarly suggests they’ll lose eventually in their journey obviously individuals do make money as well and i’ve got videos everything about how you can ensure you are among the people to really earn money however in this circumstance make sure you research study your danger level would you be all right giving your cash to somebody else which is efficiently what you’re doing and trusting them make certain you understand what they’re purchasing completely if you’re someone who isn’t wishing to be that risky do not select somebody who’s totally into crypto or currency conversion think of it you ‘d probably desire a foundation of strong commodities
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like gold or perhaps oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact use this too actually quickly over here you can copy people now it will provide you a great deal of choices and you can use the system to actually search for someone that you expensive really following so let’s see perhaps we want somebody from joined kingdom um who buys let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds an excellent quantity and i can discover everyone who has met that criteria and it does offer you a threat element also so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have quite high returns
keep in mind it resembles anything to do with the news or forecasts of the future this does not mean somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to validate are you alright with this and off you go now another way to really deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she in fact buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to know ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got some of mine actually that i buy too which is good so in fact for me understanding what i like to purchase my private stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s also got a bit more um of the kind of main food business and you have actually got you know pharmaceutical and production business as that. Degiro Vs Etoro Vs Revolut.
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